SUMMIT STATE BANK Business Summary

Summit State Bank (SSBI) operates as a state-chartered commercial bank primarily serving small-to-medium enterprises (SMEs), professional firms, and nonprofit organizations within California's North Bay region. The bank generates the majority of its revenue through net interest income derived from a loan portfolio heavily weighted toward commercial real estate (comprising approximately 79% of total loans), construction, and commercial and industrial (C&I) lending. Its secondary revenue stream consists of non-interest income from service charges on deposit accounts, treasury management fees, and cash management services. Within the competitive landscape of Sonoma County, Summit State Bank competes directly with regional players such as Bank of Marin, Westamerica Bank, Exchange Bank, and Poppy Bank. The institution distinguishes itself through a high-touch community banking model and a specialized Nonprofit Partner Program, positioning it as a localized, relationship-driven alternative to larger commercial lenders. Leadership is spearheaded by President and CEO Brian J. Reed, a veteran banker with over 40 years of experience who previously served as the bank's Chief Credit Officer and held executive roles at First Community Bank. The executive team includes Camille Kazarian as EVP and Chief Financial Officer, and Genie Del Secco as EVP and Chief Operating Officer, who oversees information technology and compliance operations. In March 2024, Michael J. Floyd joined as EVP and Chief Credit Officer, bringing four decades of lending expertise from institutions like Bank of the Sierra and Montecito Bank & Trust. The Board of Directors is chaired by Douglas V. Reynolds, with notable board presence from Marshall T. Reynolds and recent appointees Dr. Frank Chong and James A. Finley. Significant institutional backing is provided by major investors including Vanguard Group, AllianceBernstein, and Dimensional Fund Advisors.